Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Shares Shorted: Short Interest Up 293.3% in September

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,858 shares, a growth of 293.3% from the August 31st total of 981 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 25,078 shares, the short-interest ratio is currently 0.2 days.

Bitwise 10 Crypto Index ETF Stock Down 0.3%

NYSEARCA BITW traded down $0.15 during mid-day trading on Friday, reaching $55.46. 10,814 shares of the company’s stock traded hands, compared to its average volume of 78,846. Bitwise 10 Crypto Index ETF has a 1-year low of $37.20 and a 1-year high of $86.70. The firm’s fifty day simple moving average is $46.86.

Institutional Trading of Bitwise 10 Crypto Index ETF

Hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC increased its stake in shares of Bitwise 10 Crypto Index ETF by 155.1% in the first quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock worth $27,000 after buying an additional 363 shares during the last quarter. Ascentis Independent Advisors acquired a new position in Bitwise 10 Crypto Index ETF during the 1st quarter worth $32,000. PNC Financial Services Group Inc. increased its position in shares of Bitwise 10 Crypto Index ETF by 23.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock worth $116,000 after purchasing an additional 491 shares during the last quarter. PFG Investments LLC raised its stake in shares of Bitwise 10 Crypto Index ETF by 5.6% in the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock valued at $246,000 after purchasing an additional 295 shares in the last quarter. Finally, Rose Capital Advisors LLC acquired a new stake in shares of Bitwise 10 Crypto Index ETF in the 2nd quarter valued at about $219,000.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.